Shares and Bonds
Volkswagen AG’s ordinary and preferred shares were trading higher than at year-end 2018 amid a volatile market environment in 2019. A strong cash flow reduced the refinancing volume.
EQUITY MARKETS AND PERFORMANCE OF THE PRICE OF VOLKSWAGEN’S SHARES
In the period from January to December 2019, prices on the international equity markets rose overall amid volatile trading.
The DAX recorded an increase compared with the end of 2018. The more expansionary monetary policy pursued by the US Federal Reserve and the European Central Bank had a positive effect. Uncertainty regarding the economic policy of the US government, the continuing Brexit negotiations between the United Kingdom and the EU and the growth of the global economy had a negative impact on share prices.
The prices of Volkswagen AG’s preferred and ordinary shares also exceeded the 2018 year-end level in 2019. Healthy business figures were the main drivers of the uptrend. In particular, uncertainty regarding the future regulatory framework for diesel and electric vehicles, the US tariff policy, the continuing Brexit negotiations between the United Kingdom and the EU, the slowdown of the Chinese market and the WLTP (Worldwide Harmonized Light-Duty Vehicles Test Procedure), which is a test procedure for determining pollutant and CO2 emissions and fuel consumption for passenger cars and light commercial vehicles, led to volatile share prices.
(XLS:)
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VOLKSWAGEN KEY SHARE FIGURES AND MARKET INDICES |
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|---|---|---|---|---|---|---|---|---|
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|
High |
Low |
Closing |
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|
|
|
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Ordinary share |
Price (€) |
182.50 |
135.60 |
173.25 |
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|
Date |
Nov. 7 |
Jan. 3 |
Dec. 30 |
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Preferred share |
Price (€) |
184.24 |
134.76 |
176.24 |
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|
Date |
Nov. 7 |
Jan. 3 |
Dec. 30 |
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DAX |
Points |
13,408 |
10,417 |
13,249 |
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|
Date |
Dec. 16 |
Jan. 3 |
Dec. 30 |
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ESTX Auto & Parts |
Points |
527 |
412 |
486 |
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|
Date |
Apr. 18 |
Jan. 3 |
Dec. 30 |
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SHARE PRICE DEVELOPMENT FROM DECEMBER 2018 TO DECEMBER 2019
Index based on month-end prices: December 31, 2018 = 100
FURTHER INFORMATION ON VOLKSWAGEN SHARES
www.volkswagenag.com/en/InvestorRelations.html